Gujarat Ambuja Exports Ltd. (GAEL) - Company History

Gujarat Ambuja Exports (GAEL) incorporated in August 1991 and was promoted by Vijaykumar Gupta is engaged in the manufacture of refined castor oil, hydrated castor oil and hydrogenated castor oil. These products have extensive usage in industries manufacturing detergents, lubricants and chemicals. The promoters also have interests in Ambuja Agro, Gujarat Ambuja Soya Products, Ambuja Flour Mills, etc.
It came out with a public issue aggregating Rs.3.78 crores in April 1992. The issue was to part-finance a project for crushing castor seed, setting up a refinery and to meet working capital requirements.
The company has formed a strong technical department to continuously monitor energy consumption and plan and execute energy conservation schemes. Effective steps are being taken for overall technological upgradation of the plant and machinery.
The company's soya flakes plant commenced commercial production in Dec'95 and the vanaspati ghee project in the year 1996-97. During 1998-99, Gujarat Ambuja Cotspin and Gujarat Ambuja Proteins were amalgamated with the company. The company converted its two Solvent Extraction Plants at Kadi into 100% EOU. It also received ISO 9000 certification for the above two plants.
The company has expanded the installed capacity of Solvent Extraction unit during the year 2000 by 30000 tonnes and with this expansion the total capacity has been increased to 450000 tonnes.
The company continued its journey to growth. The Soya DOC exports won the company the coveted recognition of being Second Largest manufacturer Exporter in India based on the performance of 1999-2000.The exports of DOC have also registered tremendous growth during the year 2000-01.
The amalgamation of the company with Jupiter Biotech Ltd was approved by the the Hon'ble High Court of Gujarat. The exchange ratio is fixed as 1:1.
With effect from 30.01.2004,Jupiter Biotech Ltd was merged with the company.